Orion Marine Group Inc. (ORN) Receives Consensus Rating of “Hold” from Analysts
Orion Marine Group Inc. (NYSE:ORN) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.45.
ORN has been the topic of a number of recent research reports. Zacks Investment Research lowered Orion Marine Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. DA Davidson lifted their price target on Orion Marine Group from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Canaccord Genuity set a $5.50 price target on Orion Marine Group and gave the company a “hold” rating in a research note on Saturday, August 6th. Imperial Capital lifted their price target on Orion Marine Group from $6.00 to $6.50 and gave the company an “in-line” rating in a research note on Monday, August 8th. Finally, FBR & Co raised Orion Marine Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $6.00 to $9.00 in a research note on Thursday, October 6th.
Several institutional investors have recently bought and sold shares of ORN. Spark Investment Management LLC bought a new position in Orion Marine Group during the second quarter worth approximately $103,000. True Bearing Asset Management LP acquired a new position in shares of Orion Marine Group during the second quarter valued at about $150,000. Teachers Advisors Inc. raised its position in shares of Orion Marine Group by 4.1% in the second quarter. Teachers Advisors Inc. now owns 48,012 shares of the company’s stock valued at $255,000 after buying an additional 1,896 shares during the period. Rhumbline Advisers raised its position in shares of Orion Marine Group by 1.1% in the second quarter. Rhumbline Advisers now owns 48,330 shares of the company’s stock valued at $257,000 after buying an additional 546 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Orion Marine Group by 3.4% in the first quarter. Prudential Financial Inc. now owns 64,308 shares of the company’s stock valued at $333,000 after buying an additional 2,100 shares during the period. 87.19% of the stock is currently owned by institutional investors.
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Orion Marine Group (NYSE:ORN) traded up 3.29% during mid-day trading on Monday, reaching $7.53. The company had a trading volume of 91,964 shares. The firm’s 50-day moving average is $6.47 and its 200-day moving average is $5.70. The firm’s market capitalization is $208.43 million. Orion Marine Group has a one year low of $3.25 and a one year high of $7.56.
Orion Marine Group (NYSE:ORN) last released its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.04. Orion Marine Group had a negative net margin of 1.40% and a negative return on equity of 3.52%. The business earned $140.30 million during the quarter, compared to the consensus estimate of $147.21 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The business’s revenue was up 63.0% on a year-over-year basis. On average, equities research analysts anticipate that Orion Marine Group will post $0.28 earnings per share for the current fiscal year.
About Orion Marine Group
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in the heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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